The ‘God Of Dreams’ Awakens In Macau As City Of Dreams Stunning New Morpheus Hotel Opens Its Doors For A Sneak Preview

The "Icon of the New
Macau", designed by the late Pritzker Prize-winning architect Dame Zaha Hadid, targets
to open on June 15

MACAU,
CHINA - Media OutReach - May 16,
2018 (Wednesday) - One of
the most eagerly anticipated developments in Macau's history opened its doors
to media for a sneak peek tour today as Melco Resorts & Entertainment unveiled
its new flagship hotel, Morpheus, at its renowned City of Dreams resort. Targeting
to open on June 15 as the cornerstone of City of Dreams' Phase III development,
Morpheus is a unique architectural masterpiece designed by the late Dame Zaha
Hadid DBE -- legendary architect and the first woman to be awarded the
prestigious Pritzker Architecture Prize.

Designed by the late Dame Zaha Hadid DBE -- legendary architect and the first woman to be awarded the prestigious Pritzker Architecture Prize, Morpheus hotel at City of Dreams is the world's first free-form exoskeleton-bound high-rise architectural composition.

A
bold and distinctive icon of the new Macau, Morpheus is the first hotel brand
to be wholly developed and created by Melco, and offers an ultra-luxurious
addition to the already impressive range of world-class hotel facilities at
City of Dreams. As well as bringing a new level of sophistication and
contemporary design to the city's hospitality scene, Morpheus also marks the
latest in a succession of striking "world's first" contributions that Melco has
brought to Macau, strengthening the city's development into a World Centre of
Tourism and Leisure and demonstrating the company's long-term commitment to the
city.

The spectacular atrium comprising a 35-meter-high space will greet guests upon entering Morpheus and give an incredible view of the intriguing lower void.

A Spectacular Architectural Composition, A Triumph of Design

The
design of Morpheus is inspired by jade artefacts, and the building is the
world's first free-form exoskeleton-bound high-rise architectural composition,
incorporating a number of architectural and technological breakthroughs. A
series of voids within the building implies an abstract figure of eight,
displaying a unique aesthetic and creating exciting internal spaces, while the amount
of steel used to achieve this composition totaled four times the weight of the wrought
iron used to build the Eiffel Tower.

The spectacular atrium comprising a 35-meter-high space will greet guests upon entering Morpheus and give an incredible view of the intriguing lower void.

The interior spaces were designed to allow guests to become fully immersed in the
hotel's contemporary futuristic hospitality experience, with approximately 770 five-star
guest rooms, suites and villas, including three ultra-luxurious pool villas and
six duplex villas. Upon entering the hotel, guests are greeted by a spectacular
atrium comprising a 35-meter-high space that looks directly up into the lower
void. Twelve panoramic lifts within the atrium provide guests with incredible
views of both the atrium and the outside space as they travel between the voids
of the building.

Duplex Villa at Morpheus hotel, City of Dreams, which offers approximately 770 rooms, suites and villas.

A Taste of Unparalleled Luxury

A feast
for all the senses, Morpheus promises guests an alluring array of premium dining
experiences from around the world. Legendary chef Alain Ducasse is building the
World of Ducasse at Morpheus, which is a global culinary first: an entire floor
dedicated to two Ducasse restaurants and a bar. Alain Ducasse at Morpheus is
the celebrated chef's first fine dining outpost in Macau which will serve up
his signature expression of French contemporary haute cuisine, transporting
diners to France from the first bite until the last. Voyages by Alain Ducasse,
meanwhile, is a new concept that has been tailor-made for City of Dreams and
will offer a unique take on Asian cuisines inspired by Ducasse's travels over
the past 30 years, as well as his most recent culinary discoveries.

Morpheus hotel at City of Dreams opened its doors to media for a sneak peek tour on May 14.

The
Universe of Pierre Hermé at Morpheus marks the first collaboration between
Maison Pierre Hermé Paris and a hotel property in Greater China. The Pierre
Hermé Lounge brings the unique universe of tastes, sensations and pleasures
created by Pierre Hermé, described by
Vogue US as "the Picasso of Pastry" and awarded the title of World's Best
Pastry Chef at the World's 50 Best Restaurants Awards in 2016.

Upon
stepping into the refined surrounds of the Pierre Hermé Lounge, guests embark
upon an exquisite sensory journey -- the perfect way to explore Maison Pierre
Hermé Paris' world-famous creations, all executed with an extremely considered
architecture of taste and precision, and presented with a modern flair.

The Universe of Pierre Hermé at Morpheus, which includes the Pierre Hermé Lounge, marks the first collaboration between Maison Pierre Hermé Paris and a hotel property in Greater China.

Yí is the
only Chinese fine-dining restaurant in Asia to present a blend of regional
Chinese cuisines served omakase-style. The restaurant has been designed by the
Zaha Hadid team, meaning diners can enjoy a one-of-a-kind culinary experience from
the comfort of a unique, cocoon-like setting.

A Holistic Journey of Pure Relaxation and
Ultimate Indulgence

Designed
to be the premier luxury spa in the region, the Morpheus Spa takes an
unprecedented approach to the art of the spa journey. Stepping boldly out from
the crowd with its array of world-exclusive concepts, globally acclaimed brands,
and cutting-edge treatment programs, the Morpheus Spa brings a number of
world-firsts to Macau, including its in-house Spa Butler concept and Snow
Garden installation -- the first spa concept in the world to feature real snow. Guests
will also have the opportunity to feel like they are floating through the air at
the sky-high pool, which is located 40 stories up, a dizzying 130 meters above the
ground.

Located at Morpheus hotel, City of Dreams, the sky-high reflective pool is perched on level 40, a whopping 130 meters above the ground.

Mr.
Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment, said: "It
is our goal to offer a journey of the imagination and the sensation of personal
triumph for tomorrow's most sophisticated world travelers. An unprecedented
masterpiece of quality, taste, and vision, Morpheus is destined to become the
icon of the new Macau."

Safe Harbor Statement

This press release contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. The Company may also make written or oral
forward-looking statements in its periodic reports to the U.S. Securities and
Exchange Commission (the "SEC"), in its annual report to shareholders, in press
releases and other written materials and in oral statements made by its
officers, directors or employees to third parties.

Statements that are not historical facts, including statements about the
Company's beliefs and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and a
number of factors could cause actual results to differ materially from those
contained in any forward-looking statement. These factors include, but are not
limited to, (i) growth of the gaming market and visitation in Macau and the
Philippines, (ii) capital and credit market volatility, (iii) local and global
economic conditions, (iv) our anticipated growth strategies, (v) gaming
authority and other governmental approvals and regulations, and (vi) our future
business development, results of operations and financial condition. In some
cases, forward-looking statements can be identified by words or phrases such as
"may", "will", "expect", "anticipate", "target", "aim", "estimate", "intend",
"plan", "believe", "potential", "continue", "is/are likely to" or other similar
expressions. Further information regarding these and other risks, uncertainties
or factors is included in the Company's filings with the SEC. All information
provided in this press release is as of the date of this press release, and the
Company undertakes no duty to update such information, except as required under
applicable law.

About Melco Resorts & Entertainment Limited

The Company, with its American depositary shares listed on the NASDAQ
Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of
casino gaming and entertainment casino resort facilities in Asia. The Company
currently operates Altira Macau (www.altiramacau.com),
a casino hotel located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an
integrated urban casino resort located in Cotai, Macau. Its business also
includes the Mocha Clubs (www.mochaclubs.com),
which comprise the largest non-casino based operations of electronic gaming
machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a
cinematically-themed integrated entertainment, retail and gaming resort in
Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company
currently operates and manages City of Dreams Manila (www.cityofdreams.com.ph), a casino,
hotel, retail and entertainment integrated resort in the Entertainment City
complex in Manila. For more information about the Company, please visit www.melco-resorts.com.

The Company is strongly supported by its single largest shareholder,
Melco International Development Limited, a company listed on the Main Board of
The Stock Exchange of Hong Kong Limited and is substantially owned and led by
Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive
Officer of the Company.

About City of Dreams

City of Dreams is an integrated entertainment resort that has
established itself as a premier leisure and entertainment destination in Macau.
Located in the heart of Cotai in Macau, it combines electrifying entertainment,
a diverse array of accommodation, regional and international dining, designer
brand shopping and a spacious and contemporary casino. The resort brings
together a collection of world-renowned brands including Grand Hyatt and
Dragone to create an exceptional entertainment experience that aims to appeal
to a broad spectrum of visitors from around Asia and the world. City of Dreams
features a 420,000-square-foot casino with approximately 475 gaming tables and
approximately 670 gaming machines; over 20 restaurants and bars; an impressive
array of some of the world's most sought-after retail brands; "The House of
Dancing Water", the world's largest water-based extravaganza showcased in the
purpose-built Dancing Water Theater, represents the live entertainment
centerpiece of City of Dreams' overall leisure and entertainment offering. A
comprehensive range of accommodation options at City of Dreams include Nüwa offering
approximately 300 guest rooms, The Countdown offering approximately 300 guest
rooms and Grand Hyatt Macau offering approximately 800 guest rooms. In
addition, Morpheus, the new hotel at City of Dreams designed by the late
legendary architect Dame Zaha Hadid, is expected to commence operation in 2018,
offering approximately 770 rooms, suites and villas. For more information
please visit: www.cityofdreamsmacau.com (Official Website) and
www.cityofdreamsmedia.com (Media Portal). For The House of Dancing Water
information, please visit www.thehouseofdancingwater.com
(Official Website) and www.thehouseofdancingwatermedia.com
(Media Portal).

Gallery

The Universe of Pierre Hermé at Morpheus, which includes the Pierre Hermé Lounge, marks the first collaboration between Maison Pierre Hermé Paris and a hotel property in Greater China.

Morpheus hotel at City of Dreams opened its doors to media for a sneak peek tour on May 14.

Located at Morpheus hotel, City of Dreams, the sky-high reflective pool is perched on level 40, a whopping 130 meters above the ground.

Duplex Villa at Morpheus hotel, City of Dreams, which offers approximately 770 rooms, suites and villas.

The spectacular atrium comprising a 35-meter-high space will greet guests upon entering Morpheus and give an incredible view of the intriguing lower void.

The spectacular atrium comprising a 35-meter-high space will greet guests upon entering Morpheus and give an incredible view of the intriguing lower void.

Designed by the late Dame Zaha Hadid DBE – legendary architect and the first woman to be awarded the prestigious Pritzker Architecture Prize, Morpheus hotel at City of Dreams is the world’s first free-form exoskeleton-bound high-rise architectural composition.